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Nov 13, 2012
11/12
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the u.s. is starting to show good trends. in an area that capital spending might be flat or plus 2%, enterprise is starting to show some signs of coming back outside of europe. commercial marketplace, which is what i watch the most, is also doing okay. so i would assume government's going to continue to be tough, especially the u.s. federal government. public sector around the world, okay. in the u.s., not counting federal. good in asia-pacific. still challenging in europe. >> we're looking at challenges in the u.s., obviously. i want to get your take on what's going on with with taxes and what your expectations are. first off, you've got 87% of total cash held overseas. is that right? >> that is probably pretty accurate. probably in excess of $40 billion. >> what are the pans to repay trait? is it worth taking a tax hit to invest domestically, or it's too expensi expensive, so you leave that money overseas until you see a change in tax code? >> we're at a cross roads. we clearly want to put this money to use in a way that be
the u.s. is starting to show good trends. in an area that capital spending might be flat or plus 2%, enterprise is starting to show some signs of coming back outside of europe. commercial marketplace, which is what i watch the most, is also doing okay. so i would assume government's going to continue to be tough, especially the u.s. federal government. public sector around the world, okay. in the u.s., not counting federal. good in asia-pacific. still challenging in europe. >> we're...
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Nov 12, 2012
11/12
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euro bouncing off two month lows versus the u.s. dollar today after greek leaders approve a budget for 2013. does it mark a turnaround for the euro? todd gordon of aspen trading group with more. we're asking about a turnaround for the euro. it was sitting at 1.30 or so for such a long time. it's dropped a couple pennies. now talking about a turnashd. >> last week i came on the 5:00 p.m. show and said to buy 1.27. i think you take profits on that. take those 10 or 15 pips and buy lunch today for a veteran. i think we got to go the other side now. go short euro through the 1.27 level. greece has overcome two olympic sized hurdles. $13 trillion in austerity measures and 2013 budget. now we have the eu reluctant to hand out the next aid tranche for $31 billion. there's reluctance through this week. we have a big event coming up in greece friday. there's due about $5 billion in short-term treasury by bills. they're going to need to up the urgency to meet this. i think the propensity in this quiet market is to go short euro. >> what will
euro bouncing off two month lows versus the u.s. dollar today after greek leaders approve a budget for 2013. does it mark a turnaround for the euro? todd gordon of aspen trading group with more. we're asking about a turnaround for the euro. it was sitting at 1.30 or so for such a long time. it's dropped a couple pennies. now talking about a turnashd. >> last week i came on the 5:00 p.m. show and said to buy 1.27. i think you take profits on that. take those 10 or 15 pips and buy lunch...
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Nov 6, 2012
11/12
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donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing president obama say he's going to win. the people that are backing candidate romney, governor romney are saying it's going to be a close election. i don't know what that means. >> well, joe, it's all words right now. we're at the point where we'll find out probably tonight, maybe tomorrow, and maybe in a week from now. lot of people don't understand, this thing could go a long time before we find out who the winner is but it's going to be very close. i think people have great hope, and probably they have great hope on both sides, but you know, i
donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing...
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Nov 27, 2012
11/12
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despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in charge of california. >> seven hours to charge it, jane. make anybody happy? how far does the volt go, if it goes 30 miles before the charge runs out. >> the leaf goes 80, not even a day's commute for me h >> doesn't work. >> finally, larry ellison scoping up his tenth house on malibu's so-called billionaire's beach. jane this is right up your alley. >> yeah you know, pretty soon, he owns some houses just billionaire, singular. here is the headline, the house he bought, ocean front malibu, billionaire's beach, assess
despite the u.s. market's weak appetite for electric cars, jane, do you see lot of volts thought in california? >> no, and this is california's fault, because car makers are doing this because to sell any cars in california, the state is going to make themselves a certain number of electric cars but nobody -- while californians love their high bids are, the electric cars other than the tesla don't have a strong enough charge, not working here, maybe we should put put a can need dan yan in...
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Nov 7, 2012
11/12
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and you say turning the u.s. into amsterdam, perhaps. >>> still to come on "worldwide exchange," we'll look at the challenges that the re-elected president faces, most importantly the fiscal cliff. >> we'll get views from both sides of the aisle as candidates vow to bury the hatchet. >> the nation, as you know, is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. our lead verse to reach across the aisle to do the people's work. and we citizens also have to rise to the occasion. >> in the weeks ahead, i also look forward to sitting down with governor romney to talk about where we can work together to move this country forward. >>> we have picked ourselves up. we have fought our way back. and we know in our hearts that for the united states of america, the best is yet to come. >>> welcome back. >> here are the headlines. >> president obama rolls to re-election in a second term, defeating mitt romney despite the weak u.s. economy and persistently high unemployment. >
and you say turning the u.s. into amsterdam, perhaps. >>> still to come on "worldwide exchange," we'll look at the challenges that the re-elected president faces, most importantly the fiscal cliff. >> we'll get views from both sides of the aisle as candidates vow to bury the hatchet. >> the nation, as you know, is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. our lead verse to reach across the aisle to do the...
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Nov 30, 2012
11/12
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. >>> if lawmakers allow the u.s. economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500
. >>> if lawmakers allow the u.s. economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember...
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Nov 21, 2012
11/12
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flight attendants at u.s. airways voted to authorize a strike to workers that voted down a contract that the airline had proposed twice this year. the airline, as you probably know, andrew loves this story, too, is in talks with american airlines about a potential merger. >> should have done this eight months ago, they would have saved themselves a lot of heartache. this is just dragging out for no reason. >> yeah. you just figure they're meant to be together. >> otherwise amr is meant to be nowhere is sort of the issue. >>> in global market news, japan logging its fourth straight trade deficit in october. the european debt crisis with china over a territorial dispute actually reduced exports. and we continue to follow the latest developments out of the middle east. secretary of state hillary clinton traveled to the west bank this morning to meet with palestinian president mahmoud abbas. abbas heads the west bank, while the palestinian militant group hamas controls the gaza strip. hamas is considered a terrori
flight attendants at u.s. airways voted to authorize a strike to workers that voted down a contract that the airline had proposed twice this year. the airline, as you probably know, andrew loves this story, too, is in talks with american airlines about a potential merger. >> should have done this eight months ago, they would have saved themselves a lot of heartache. this is just dragging out for no reason. >> yeah. you just figure they're meant to be together. >> otherwise amr...
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Nov 16, 2012
11/12
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u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash and i think you'll see the rating agencies downgrade our credit again, you'll see fitch and moody's join s&p. i think you'll see corporations lose confidence. you'll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. >> leaders of both parties think it would be to their advantage to go off the fiscal cliff. what a 12 straight that is, that we could win more as democrats
u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and...
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Nov 5, 2012
11/12
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early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers later giving them cover to raise premiums. back to you. >>> sandynjrelief fund.org. mary pat christie is on the news line with us right now. welcome. good to have you with us. >> thanks, tyler. >> at some risk, i ask how are you and the christie family holding up? your husband and you have both then tireless this last week. gout to be pretty tired these days? >> we're doing pretty well. it's all relative, right, tyler? we don't have power yet but hopeful that we will soon. i'm also hopeful that our children get to go back to school tomorrow. >> we're in the sa
early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers...
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Nov 21, 2012
11/12
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the u.s. holiday shopping season kicks off in the u.s. retailers pulling off all the shops to draw shoppers into their stores. we put several promotions to the test when we come back. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> these are the headline ts today from around the world. angela merkel says the greek financing hole can be filled. the fbi launches a probe into alleged accounting issues in the hp autonomy deal. mike lynch denies the accusations. and reports of a blast on a bus in tel aviv sends all futures high. hillary clinton is con
the u.s. holiday shopping season kicks off in the u.s. retailers pulling off all the shops to draw shoppers into their stores. we put several promotions to the test when we come back. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit...
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Nov 7, 2012
11/12
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if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that would help to complement the low rates from the fed and it would also be a statement kind of looking at europe that austerity really hasn't worked so well, vis-a-vis growth. do you think that would be useful? >> i'm in that camp. i think the europeans have been trying to push too much -- everybody counts fiscal policy around the world at the same time. it's kind of crazy by definition. so if for some miraculous reason congress could pull it off, that would be good for many reasons. it feels to me, the u.s. economy
if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that...
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Nov 17, 2012
11/12
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the former cia director testified the u.s. intelligence knew islamic militants were a threat in benghazi and specified soon after the september 11th attack in so-called talking points to be used with the public that al qaeda-type organizations were responsible for the attack. but as those talking points made the rounds of other national security organizations here in washington, the word al qaeda got changed to "extremists." and when the points got to u.n. ambassador susan rice, she made no mention of al qaeda or extremists when she went on nbc's "meet the press" five days after the attack. rice did tout the anti-terrorist accomplishments of president obama. pet rae ugs denies any political pressure on the cia to scrub al qaeda from its talking points. new york republican peter king said today, "we need to find out who did the scrubbing and why." larry, back to you. >> many thanks, steve handelsman, appreciate it. so why has general petraeus done a 180 on benghazi? this is a very serious issue. first he blames the attack on a
the former cia director testified the u.s. intelligence knew islamic militants were a threat in benghazi and specified soon after the september 11th attack in so-called talking points to be used with the public that al qaeda-type organizations were responsible for the attack. but as those talking points made the rounds of other national security organizations here in washington, the word al qaeda got changed to "extremists." and when the points got to u.n. ambassador susan rice, she...
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Nov 1, 2012
11/12
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you look at shops and restaurants in the u.s. a lot of them are closed still. >> well, first off, as a lifelong new yorker and my family is still in new york, i take all this very personally. it's just a devastating situation. i look at the photos and talk to my family, and it's just unbelievable. with regard to starbucks business, 80% of our stores have reopened. we are making deliveries. today starbucks made a $500,000 donation to both the red cross and united way. we're trying to do everything we cannot only to open up our stores but be the kind of citizen and neighbor to those people who need us most. >> so in terms of the supply chain, what are you seeing in terms of commodities and foods available? >> well, starbucks is making deliveries. the facility that we have in york, pennsylvania, services metropolitan new york and the eastern seaboard. we're making deliveries. i think by monday we should be back in operations close to 100%. the stores were closed for a wi while. 80% are now open. we're providing a service to our cust
you look at shops and restaurants in the u.s. a lot of them are closed still. >> well, first off, as a lifelong new yorker and my family is still in new york, i take all this very personally. it's just a devastating situation. i look at the photos and talk to my family, and it's just unbelievable. with regard to starbucks business, 80% of our stores have reopened. we are making deliveries. today starbucks made a $500,000 donation to both the red cross and united way. we're trying to do...
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Nov 12, 2012
11/12
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>> well, what it really means is that the u.s. would only have to rely on canada and mexico for its oil imports. and we could really tell opec to seek other markets elsewhere in the world. we would really any longer have to supply them with energy security, with having troops in the middle east or other areas of the world. >> if we get -- let's say 2020 comes, and i hope it will, mayans aside, right, and we have full energy independence, where will the price of oil and gas be? >> well, i think oil and gas prices are still going to go up because world oil demand continues to increase. today we're still sitting at around $3.50 a gallon for gas and about $100 for oil. i'm expecting prices will rise to about $110, $115 over the long term. >> no matter what. so, neshg, inflation aside because prices always go up, we'll have higher prices regardless, right? >> that's my expectation. there's no doubt up. look at the iaea, they say oil demand will rise from about 87 million a barely as day to over 100 million barrel as a day. we have foun
>> well, what it really means is that the u.s. would only have to rely on canada and mexico for its oil imports. and we could really tell opec to seek other markets elsewhere in the world. we would really any longer have to supply them with energy security, with having troops in the middle east or other areas of the world. >> if we get -- let's say 2020 comes, and i hope it will, mayans aside, right, and we have full energy independence, where will the price of oil and gas be?...
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Nov 5, 2012
11/12
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. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new jersey voters displaced by the storm will be per misted to vote via fax or e-mail. early voting is also in progress in the garden state. >>> banks in sandy's path are back up and running but giving consume aers few extra day to pay their bills. jpmorgan chase, wells fargo, citi group and pnc all waving fees for customers through wednesday, november 7th. >>> everybody probably personally cares who wins the presidential election. but does the market care? let's bring in the president and ceo of td ameritrade. does it matter to stocks who wins tomo
. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new...
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Nov 9, 2012
11/12
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guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time. remember, after extending those rates at the end of 2010, he indicated he was not going to go beyond 2012. i think this is not a sign that he's not willing to negotiate with republicans because the key point of what the president said this afternoon was he needs more tax revenue from the top end earners, not necessarily tax rates. so this is the case of the president not surrendering his position bu
guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been...
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Nov 21, 2012
11/12
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kayla is outside u.s. bankruptcy court in white plains, new york, with yet, kayla, another disappointment, right? >> reporter: it is, carl. this building behind me has come to be known as the de facto hostess funeral home. sgit that hail mary effort yesterday between hostess executives and the bakers u.n. to try union, they tried to come to a deal. they couldn't. now it's back to square one, what the judge was discussing on monday, a potential liquidation. they wanted to avoid it. they wanted to avoid costing as many jobs as it would. 18,500 people. that's how many people hostess employs. here's some issues that are going to be on the docket for certain. there is a motion by a trustee to liquidate the company in chapter 7, not chapter 11. what that means is new management would be appointed to affect the winddown, not the current management in place. another motion deals with executive pay. right now the executives are slated to get about $1.75 million as part of the wind-down effort. also a motion over wh
kayla is outside u.s. bankruptcy court in white plains, new york, with yet, kayla, another disappointment, right? >> reporter: it is, carl. this building behind me has come to be known as the de facto hostess funeral home. sgit that hail mary effort yesterday between hostess executives and the bakers u.n. to try union, they tried to come to a deal. they couldn't. now it's back to square one, what the judge was discussing on monday, a potential liquidation. they wanted to avoid it. they...
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Nov 27, 2012
11/12
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we have invested $4 billion in the u.s. in terms of infrastructure and product and what you're seeing here is the result of that. >> earlier today, consumer confidence numbers come out stronger than five years, is the pie growing in terms of expectation amongst consumers to spend more on a beatle convertible or any car? >> yeah, those people who are confident about employment are now committing to the marketplace and you we are seeing that driving growth, not just this year but expecting that to continue to next year as well. >> jonathan browning, the map who runs vw north america. you are riding the bronco right now, up 31%. >> this is fun. >> these are better interviews when up 31% here with the new beetle convertible. send it back to you. mandy? >> thanks very much for that, phil lebeau. guess what we have here at the mothership, street talk with our very own her bit love bug, herb greenberg. >>> and facebook on a real tear, up 33% the last three months. you might have noticed. buts here the but, there is one thing that
we have invested $4 billion in the u.s. in terms of infrastructure and product and what you're seeing here is the result of that. >> earlier today, consumer confidence numbers come out stronger than five years, is the pie growing in terms of expectation amongst consumers to spend more on a beatle convertible or any car? >> yeah, those people who are confident about employment are now committing to the marketplace and you we are seeing that driving growth, not just this year but...
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Nov 28, 2012
11/12
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u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that a
u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal...
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Nov 30, 2012
11/12
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they think of the u.s. being center right. and much to joe's chagrin, the u.s. is center right in an election year. fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for quarterly. i think we saw in september really rapid adjustments by clipts clients. july and august were okay. september was tough. october was better than we thought. but it's very uncertain. they're finding it very difficult to predict consumer behavior in the short term. >> and as a result they're pulling back? >> as a result they're being very cautious. so while you have the fiddling this washington and we saw that in the summer of 2011, exactly the same situation -- >> do you blame this on the fiscal cliff in part? >> it's part of it. we talk about four gray swans, eurozone, middle east, china, hard/soft
they think of the u.s. being center right. and much to joe's chagrin, the u.s. is center right in an election year. fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for...
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Nov 7, 2012
11/12
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the u.s. could be in for another downgrade. john harwood on the president's biggest challenge in this new term. >> hi, sue. you just heard from the politicians about their approach to the fiscal cliff and the challenge facing the country. let's look at what the voters had to say about it last night. because this is what president obama and congress are going to turn to immediately. first of all, if you segment the electorate by income, in 2008 the president carried people who earned over $200,000 a year narrowly over john mccain. he lost that group this time, also lost between between $200,000 and $250,000 and people over $250,000. but the affluent voters lost the argument on taxes with the american electorate overall. you ask people should taxes go up? 60% of the american people say yes, taxes should go up. only 35% say no, they shouldn't. then when you segment that, you've got 13% of the american people saying they should go up on everyone. that's what would happen if we went over the fiscal cliff. but 47% say they should onl
the u.s. could be in for another downgrade. john harwood on the president's biggest challenge in this new term. >> hi, sue. you just heard from the politicians about their approach to the fiscal cliff and the challenge facing the country. let's look at what the voters had to say about it last night. because this is what president obama and congress are going to turn to immediately. first of all, if you segment the electorate by income, in 2008 the president carried people who earned over...
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Nov 29, 2012
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. >>> what happens to the dollar if lawmakers can't prevent the u.s. from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there that has not yet done the special dividend is mastercard. doc was talking about it before reaching new levels today. i think mastercard is a name that you could focus on. >> when you own a stock and they announce a special dividend it is great but the problem with chasing them is once the thing goes "x" dividend, typically the price will adjust. it is not necessarily a great short term trade. i'd focus more on consistent dividend paying as opposed to special dividend. >> google's on my list. $50 billion in cash. at
. >>> what happens to the dollar if lawmakers can't prevent the u.s. from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i...
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Nov 20, 2012
11/12
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the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, oc
the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning....
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Nov 19, 2012
11/12
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obviously in the u.s., fomc has to do something to replace operation twist. you look over to japan, you are finally getting chatter that they are going to get real aggressive, stimulus efforts, end could weaken. is it now looking like it is a globally coordinated effort here and just a race to take that currency as cheap as you possibly can get it? >> that's what you are seeing. really a keynesian warfare here across the world. big government is highly inn debt. all of the -- six of the major top ten economies. colossal debt, colossal leverage and they are trying to lever that up at this point. but the mark let fight them. i think it is about trading in -- inflection points. yen has been very, very weak. and as you said, and that's a sign that japan is moving that way. spain -- disturbing in europe in terms of their fiscal cliff, spanish ten years have been massively underperforming italian ten years. that's -- that's really a warning sign for another spain problem in the next couple of weeks. >> in your note today you say short the home builders and sell int
obviously in the u.s., fomc has to do something to replace operation twist. you look over to japan, you are finally getting chatter that they are going to get real aggressive, stimulus efforts, end could weaken. is it now looking like it is a globally coordinated effort here and just a race to take that currency as cheap as you possibly can get it? >> that's what you are seeing. really a keynesian warfare here across the world. big government is highly inn debt. all of the -- six of the...
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Nov 12, 2012
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u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan -- >> the giants won the super bowl last year. a lot of people have told him he's fat and he should shut up. he's not fat anymore. she just shut up. but sanchez, you brush up against him and the ball goes flying out. >> they've been going back and forth. >> when the giants are the defending the super bowl champions and they got their butts kicked by the bengals and the other game unbelievable is johnny football. texas a and m and alabama, that was unbelievable. alabama number one. texas a and m just joined the sec. and this guy johnn
u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan...
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Nov 7, 2012
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the pattern spills over into the u.s. senate also. and the only place that was immune was the house of representatives. republicans kept the house. but i think nationally there's a pattern. i mean, i think mr. romney will do well if he can hold some of these florida, virginias. i'm not sure he can to be honest with you. >> i just think about if the -- let's say we end up where we were, the same split in the house and the democrats get the -- is the republican party going to be satisfied being there? >> that's the big question. >> does it mean a big change? i saw some republican pundits say this should be the end of the gop punditry class because of all the money that was spent, really would have gone for naught if romney does not win the presidency here. then i guess are the democrats going to be happy? let's say they do win this thing in a squeaker of an electoral vote, of a popular vote, not having that last seat, and capable of doing an agenda, would they then move to the center? >> we were talking about this earlier. >> it was a g
the pattern spills over into the u.s. senate also. and the only place that was immune was the house of representatives. republicans kept the house. but i think nationally there's a pattern. i mean, i think mr. romney will do well if he can hold some of these florida, virginias. i'm not sure he can to be honest with you. >> i just think about if the -- let's say we end up where we were, the same split in the house and the democrats get the -- is the republican party going to be satisfied...
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Nov 8, 2012
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even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice little things in the economy and stimulus, but you can't get older people to spend money, and europe has the worst problems because they have the worst demographic. >> listen. the economist in britain taught us that demographics do not have a very strong predictive value, particularly when it comes to markets. in 1998, harry wrote a book saying the dow was going to 35,000. in 2009, he wrote about the great depression that was ahead, and the s&p has gone up 110% off the lows. the economy has gone to new highs in gd
even the u.s. economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice...
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Nov 28, 2012
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i guess i would say that the u.s. consumer for the holiday season seems to be in good shape. >> thank you manny chirico, chairman and ceo of pvh. we are staying there. after the break trying to make you some more money. >> coming up. the deal shook the street this morning. but as the frozen food maker shares heat up, should you be tempted to take a bite? cramer unwraps what is ahead. the charts have not been kind to foreign financials but cramer has found a pattern that is signaling the turn around. as jim goes off the charts. all coming up on "mad money." >>> conagra, the big food company, this company has the most exposure to commodity prices. after a lengthy chase the company was able to make a deal to acquire ralcorp. the grocery store brands that taste the same as the real thing but cost less. conagra will be the largest private label. consumers love it because it is cheaper. private label products carry it. it's a win/win. and now it is about to become the king of private label. you know a takeover is good when
i guess i would say that the u.s. consumer for the holiday season seems to be in good shape. >> thank you manny chirico, chairman and ceo of pvh. we are staying there. after the break trying to make you some more money. >> coming up. the deal shook the street this morning. but as the frozen food maker shares heat up, should you be tempted to take a bite? cramer unwraps what is ahead. the charts have not been kind to foreign financials but cramer has found a pattern that is signaling...
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Nov 5, 2012
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if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have to do a lot fundamentally to make me comfortable but it is a really good sign, a really good report and great forward guidance. >> drop in time warner of 7%. >> this market didn't like the earnings. i've always liked this company but lately it's been kind of expensive. i'd wait for it to drop down a little more, then i'd get involved. >> there are of course far better cable companies to buy. >> transocean. >> thedeep water is where you want to be in energy. >> tesoro. >> geographically perfectly positioned out west -- love it. >> a pop for starting young. a chinese eighth-grader r
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have...
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Nov 6, 2012
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the vice president served 36 years in the u.s. senate serving the first state and returned to the polling place where he's cast ballots in many of the previous races. >> this is the eighth time i have run statewide in delaware and it's always a kick. i hope everyone exercises their right to vote. this is a great honor and people are standing in line in a lot of placeis. i encourage them to stand in line as long as they have to. >> reporter: after all of the speeches, ads, rallies, conventions and debates, it coming down to election day. today on the trail, november 6th, 2012. >> we're going to bring in fox 5 political analyst mark platkin. i want to zero in on the state of virginia right now. we have 27 minutes before the poll comes to a close tonight and specifically, let's look at nowhere virginia, the big four. loudoun county, fairfax county, arlington, prince william -- of those four, where is it most critical for either one of these candidates to lock up a victory to, in essence, bring northern virginia into the column and be
the vice president served 36 years in the u.s. senate serving the first state and returned to the polling place where he's cast ballots in many of the previous races. >> this is the eighth time i have run statewide in delaware and it's always a kick. i hope everyone exercises their right to vote. this is a great honor and people are standing in line in a lot of placeis. i encourage them to stand in line as long as they have to. >> reporter: after all of the speeches, ads, rallies,...
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Nov 16, 2012
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u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the whole fiscal cliff story is pretty much a story of going down austerity politics. that's been a disaster policy path for everywhere else it's been tried so i do think it is going to weigh on aggregate demand. if that's the case the fed is going to overweight qe, which means it will offset anything the japanese do. to me the dollar/yen is going to be a sell in a near term. i want to be a seller here at 80.50. if it breaks 80.50 with a stop at 81.50. if it runs away, then i'm not hurt. but if it turns around it is going to come back and take out all those stops for those who
u.s. dollar is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the...
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Nov 8, 2012
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>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions which means it's quite stable relative to a personality-driven election like in the u.s. there are three factions in play in china right now. the the hu and wen factions worked through the provinces to become leaders and they're the reformers. the second group is the jiang zemin group and jiang was the president before hu who left in 2002. he was widely viewed that on his death bed he's made a resurgence and this convention is basically the jiang zemin crowd known as the shanghai gang in china taking over the china. the children of the original revolutionary leaders and xi is one of
>> this is tightly organized theaters just like conventions are here in the u.s. no party hats or streamers or bloorngs but it's really a similar show for the media. the real negotiations happen behind closed doors and most of them as much as a month or more than a month ago. in china, the thing to know is that decisions like these are made by consensus among a group of people that number in the hundreds and not in the single digit which is means it's an average of a bunch of opinions...
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Nov 1, 2012
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it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china protests are going to work out. >> this is as much as a stiff today, it's a 30-year low. >> these are huge companies, the vhs, beta max work. that's a good point actually. >> these are all the leaders. these were all the leaders that you think about. >> i remember when there was a period in 1998 and 1999 it was a question of who was going to rule the world, panasonic or sony. >> look, we were talking about japan, we'll see whether that proves to be correct. >> now they're nothing, now they're no wrrks now they're dinosaurs. >> we're not saying that apple's g
it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china...
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Nov 30, 2012
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it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you can't stay. you can't go into stock for an investment case and then the investment case goes to hell in a hand basket. this one did. >> and by that dip in the quarter is why i think there is an opportunity. >> when you're only looking for 200, that is a big delta. stay away until -- >> valuations were too high. now i think they're giving an opportunity to get in. >> joe, what do you do with this? who made the more compelling argument on yum? >> i think i made the more compelling argument and it's this. it has to do with the macro call on the
it will last. >> the u.s. is a built out franchise area. okay? you have franchise -- >> a built out franchise area but taco bell as we know also got themselves into a different menu category to go up against the chipotles of the world. for that reason alone i think they're stealing business back you didn't expect before on higher dollar value than you would normally get. >> it comes and goes, pete. a mature business in the u.s. they'll get a bump up here and there but you...
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Nov 8, 2012
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the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually going to do. two, you're looking at the greeks want a two-year extension which means another $40 billion to $50 billion to fund that. who is going to come one that and the country in europe resisting it and three the question of the imf whoa looked at the whole situation and said look unless this say sustainable way to pay back the debt, we're not going to fund. >> mark -- >> then you have the issue -- sorry. >> no, go ahead. >> spain is in terrible financial problems, the highest unemployment rate in europe and there y
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually...
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Nov 7, 2012
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the u.s. credit rating after the outcome of budget negotiations. that's presumed that we'll actually have some. tom, what do you think when you hear that headline? >> well, i think to last year and this whole debacle that happened last year and one thing that is happening last year that is not happening this year is corporate bonds were selling off. we really knew stocks were going to take a wallop because of high yield spreads, high spreads were widening. today if you looked at the corporate bond market, they are not expressing concerns about the fiscal cliff. to me, i'm wondering if those markets are about to take a hit soon or if the fiscal cliff is not really the reason that stocks are selling off today. >> for the folks listening on the radio, another headline is, even if we go over the fiscal cliff, moodys is saying that doesn't necessarily immediately lead to a downgrade. that means that they are waiting to hear what is the long term whom did i interrupt? >> i have a question for tom. y
the u.s. credit rating after the outcome of budget negotiations. that's presumed that we'll actually have some. tom, what do you think when you hear that headline? >> well, i think to last year and this whole debacle that happened last year and one thing that is happening last year that is not happening this year is corporate bonds were selling off. we really knew stocks were going to take a wallop because of high yield spreads, high spreads were widening. today if you looked at the...
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Nov 26, 2012
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it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates their lawyers in court all the time about all of these issues, he's had it and wants to bring this issue to a head now. she has said no way, federal court. >> they claim they're going to appeal, it will be difficult to get an appeal. december 15th will be extremely interesting to see what happens. this story keeps on giving. christi christina kirchner was worried because they've seized a vessel in the port of ghana recently. we'll see what finally happens when it finally gets done. >> steve you have any thoughts on how that might affect more broad
it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates...
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Nov 21, 2012
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u.s. airways up 192%. not entirely because of the business but more because of the speculation. >> thanks so much. >> the latest on your travel for the weekend. >>> and finally my observation on the warning bernanke issued to america yesterday. our economy might want to give thanks to the fed when congress shirked its responsibilities. i was happy to be at the new york economic club lunch where bernanke spoke. he reaffirmed that the recovery continued to grow at a slow pace and that the unemployment story remains high and says housing has been improving. we saw zillow saying october saw the largest monthly gain for home prices in more than seven years but the real fireworks happened when a question came up about the fiscal cliff. >> in the worst case scenario where the economy goes off the broad fiscal cliff i don't think the fed has the tools to offset that. >> and those words sent the markets lower yesterday and probably helped to contribute to tempt today. my take is the chairman is worried. for years h
u.s. airways up 192%. not entirely because of the business but more because of the speculation. >> thanks so much. >> the latest on your travel for the weekend. >>> and finally my observation on the warning bernanke issued to america yesterday. our economy might want to give thanks to the fed when congress shirked its responsibilities. i was happy to be at the new york economic club lunch where bernanke spoke. he reaffirmed that the recovery continued to grow at a slow pace...
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Nov 28, 2012
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but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's liquidation given the battles between management and the unions. some of this is -- >> they think there's going to be retaliatory moves to say forget -- >> and that they're going to line their pockets and, you know, on the way out. they, of course, are creditors as is so many others. >> we don't have any twinkies. >> no, you don't. >> we ate them all? >> those were already gone. we have devil dogs, funny bones, we have other ones, ring dings. >> ho hos. >> lemon cupcakes. >> while we're talking of ho-hos, quick check of t
but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's...
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Nov 23, 2012
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the u.s. growing tj max and marshall's and home goods in some smaller markets that they hadn't originally thought they could go into. definitely still think there's room there. >> jennifer, you cover saks as well. do the shorts have something to the story? do they know something that maybe we don't? >> saks did see a slowdown. part of it was related to superstorm sandy. a little over 20% of their business is done in the new york store. i would say 40% of sales are in the northeast. they have been impacted by that. also, you know, i think that maybe we're seeing a little bit of a pause maybe at that high end. maybe kind of more the aspirational customer at the high end. so i think that they're seeing a bit of a slowdown feeling a little bit more than maybe some of their peers that have moderately priced items. >> thank you for joining us. we appreciate it. >>> walmart facing union organized protests at some locations across the country this black friday. among the protesters, some employees wal
the u.s. growing tj max and marshall's and home goods in some smaller markets that they hadn't originally thought they could go into. definitely still think there's room there. >> jennifer, you cover saks as well. do the shorts have something to the story? do they know something that maybe we don't? >> saks did see a slowdown. part of it was related to superstorm sandy. a little over 20% of their business is done in the new york store. i would say 40% of sales are in the northeast....
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Nov 27, 2012
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customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the call? is he returning our calls? yeah, call me. judge denied a similar request in february. and while corzine has stepped down, some executives remain at the company and they're assisting in its wind down. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devast
customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the...
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Nov 5, 2012
11/12
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here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't materialize, we had quite a bit of sell-off ever since then. now we have supply issue in which we built up stocks lately and with uncertainty in two big elections in largest world economy, people head toward the sidelines. >> everybody is focused on the u.s. election. you say that china -- what happens on thursday there could be a really big event for the copper market. >> for europe that's been in headlines for quite a long time. they don't use that much copper and their economy is in recession for a while. much like the unite
here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't...
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Nov 13, 2012
11/12
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the u.s. trading session, even as people are feeling more optimistic resolving the fiscal cliff, the situation in europe is continuing to worry people. back over to you. >> kelly, thank you very much. >>> if there's gloom and doom out there, mark fc faber will f it. he joins us live from hong kong. we know that you're warn building this big meltdown. how much of that is because of the fiscal cliff, how much because of the election? we haven't had a chance to talk to you since the election. what do you think? >> actually i'm so happy to be on your show because whenever i feel depressed and i see you, you group of people that are so optimistic, i feel enlightened and again full of life. so i think actually you should open up a clinic for depressed people and you would do very well because everybody would be good after talking to you. >> but would we be fooling them into feeling good? >> i think the point is i don't think markets are going down because of greece or the fiscal cliff because there
the u.s. trading session, even as people are feeling more optimistic resolving the fiscal cliff, the situation in europe is continuing to worry people. back over to you. >> kelly, thank you very much. >>> if there's gloom and doom out there, mark fc faber will f it. he joins us live from hong kong. we know that you're warn building this big meltdown. how much of that is because of the fiscal cliff, how much because of the election? we haven't had a chance to talk to you since the...
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Nov 9, 2012
11/12
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u.s. airways is a partner of ours, if u.s. airways merges, it would leave the star lines, that would not be good for us but on the other hand consolidation would be good and the benefits would far outweigh the cost. i think consolidation is a good idea. >> what are the benefits of consolidation? >> we've had way too many business plans chasing way too few passengers and way too much capacity in this business, it's been a fractured business and consolidation resulted in much more rational pricing and discipline. >> not just for consumers. >> i think it's good for consumers to have healthy airlines that will be there today and be there tomorrow and can make the investments in the product and the root structure. >> 787, would i know if i got on it would be so much better? >> you would know. it's incredible. >> why? >> because it is a quiet airplane, it's a spacious airplane. it's got great humidity. >> you don't dry out. >> more oxygen, big windows. it's a terrific airplane. it is so quiet, almos like being in an electric car. it
u.s. airways is a partner of ours, if u.s. airways merges, it would leave the star lines, that would not be good for us but on the other hand consolidation would be good and the benefits would far outweigh the cost. i think consolidation is a good idea. >> what are the benefits of consolidation? >> we've had way too many business plans chasing way too few passengers and way too much capacity in this business, it's been a fractured business and consolidation resulted in much more...
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Nov 27, 2012
11/12
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we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the market. from thanksgiving onwards it really generates a big car market. >> andy goss, president of jaguar and land rover in the united states. sales this year up 18% for land rover here in the u.s. this goes on sale mid-december. carl. >> all right, phil. enjoy l.a. we'll see you in a little bit. senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell yo
we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the...
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Nov 28, 2012
11/12
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>> i'm convinced they will do. >> so when you look at the u.s. market, it has been strong, but not overly strong. what's the change in the next year, do you see that continuing? >> as opposed to the premium, like porsche, we'll have success, and there will be a discussion about this, what you mentioned before, from my point of view, most of the volume will get but not the -- >> mathias muller, a worldwide debut, there it is, the new porsche cayman, sees it first here on cnbc. >> i'm getting e-mails from people who have a cayman who say they should have waited, it's absolutely gorgeous. thank you, phil. >>> marisa meyers speaking out publicly for the first time. what did she have to say about the silicon valley internet giant. >>> and we're expecting the president to speak at any moment. let's hope it doesn't come during the commercial break. back in a second. [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >>> groupon making -- the company is due to
>> i'm convinced they will do. >> so when you look at the u.s. market, it has been strong, but not overly strong. what's the change in the next year, do you see that continuing? >> as opposed to the premium, like porsche, we'll have success, and there will be a discussion about this, what you mentioned before, from my point of view, most of the volume will get but not the -- >> mathias muller, a worldwide debut, there it is, the new porsche cayman, sees it first here on...
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Nov 5, 2012
11/12
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right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box," making headline this is morning, southern company is reporting weaker than expected third quarter earnings in revenue, that was before the bell today. the atlanta-based electricity company says results were hurt by milder than normal weather and an uncertain economy. else where, rockwell automation quarterly earnings there and sales topped wall street estimates. this company makes factory automation equipment input costs climbed during the period and shares of transocean are getting a boost this morning after the company reported a higher than expect
right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box,"...
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Nov 2, 2012
11/12
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u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers as well as our snowfall. again, a little bit of being a tip weather still knocking on the door of the northwest. here's a look at that system that i was telling you about. again, that will produce 1 to 4 inches of snow into portions of the dakotas as well as knocking on the door of northwestern minnesota. our storm system once it does track a little further east on sunday, things getting a difference from southeastern texas all the way up in to north carolina. now, as for those of you who are keepin
u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers...
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Nov 1, 2012
11/12
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but our scale in the u.s. is very significant. again, i think it circles back to what is the best personalized radio experience in the world. we deliver that today. we make it very hard for anyone to answer the question why you should stop listening to your pandora stations. >> i understand pandora has been lobbying congress to pass internet radio fairness act to lower those set licensing fees which eat up a big chunk of your revenue. that's your plan if this bill doesn't pass? >> well, there is an arbitration process that will take place in 2014 and 2015 that will separate 2016 through 2020 for all internet radio. we're fully prepared to enter that arbitration process and would look forward to making the case for rates that are more fair than what we see today. the bill changes the legislative guidance to the arbitration panel to make that guidance consistent with the guidance that congress has given for satellite radio rate setting and for cable radio rate setting which we think is more even. but even if that bill is not passed,
but our scale in the u.s. is very significant. again, i think it circles back to what is the best personalized radio experience in the world. we deliver that today. we make it very hard for anyone to answer the question why you should stop listening to your pandora stations. >> i understand pandora has been lobbying congress to pass internet radio fairness act to lower those set licensing fees which eat up a big chunk of your revenue. that's your plan if this bill doesn't pass? >>...
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Nov 19, 2012
11/12
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i think the u.s. come to the bargain basement at the present time and with interest rates so very low, all-time record lows do you think the elimination of the mortgage deduction would have a significant impact on prices? >> i really don't. >> we have a short term impact on the lower price points. at the end of the day when we cut through all of the clutter, people need shelter, some form of shelter to that end, they can buy a home or they can rent, and i think there's people in america, whatever the price point, would prefer to rent, would prefer to purchase versus rent and i don't think they're looking first and foremost at the tax deduction as the key driver. >> ron, steve forbes here. what do you hear about how hard it is to get a mortgage, even though rates are low, and also what's happening in the jumbo mortgage market? in terms of availability of credit. >> you know, that's the real problem, if we look at what are the key issues that are really limiting housing purchases today, is the financial
i think the u.s. come to the bargain basement at the present time and with interest rates so very low, all-time record lows do you think the elimination of the mortgage deduction would have a significant impact on prices? >> i really don't. >> we have a short term impact on the lower price points. at the end of the day when we cut through all of the clutter, people need shelter, some form of shelter to that end, they can buy a home or they can rent, and i think there's people in...